Lecap Asset Management Ltd. Takes Position in Oracle Co. (NYSE:ORCL)

Lecap Asset Management Ltd. bought a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,126 shares of the enterprise software provider's stock, valued at approximately $2,016,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. grew its position in shares of Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider's stock valued at $6,105,000 after buying an additional 2,221 shares during the last quarter. AMI Investment Management Inc. grew its position in shares of Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider's stock valued at $1,693,000 after buying an additional 579 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Oracle by 29.2% during the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider's stock valued at $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Oracle by 79.6% during the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider's stock valued at $567,000 after buying an additional 3,038 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Oracle by 125.2% during the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider's stock valued at $165,000 after buying an additional 1,109 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.80% of the company's stock.

Oracle Price Performance

ORCL stock traded down $2.13 on Friday, hitting $121.11. 6,196,877 shares of the company's stock traded hands, compared to its average volume of 7,740,461. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The stock has a market cap of $332.87 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 2.38 and a beta of 1.01. The stock has a fifty day moving average of $119.08 and a 200-day moving average of $112.48. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, April 9th. Oracle's dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on shares of Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a research report on Tuesday, January 2nd. Erste Group Bank reissued a "hold" rating on shares of Oracle in a research note on Friday, December 22nd. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Argus raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a "market perform" rating in a research note on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.76.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.